The United Arab Emirates (UAE) has always been considered an important player in the international business environment. But beyond the economic powerhouse, the UAE is increasingly becoming a role model in tolerance and a reliable…
WTO PRESIDENCY: Benin drops candidate in support on…
She is for the moment the most formidable African candidate for the post of president of the World Trade Organization. Nigerian Ngozi Okonjo-Iweala officially received support from Benin, which has withdrawn its candidate Eloi Laourou.…
Business: Junior miners fight for survival in COVID-19…
While the mining industry overall was hard hit by the coronavirus pandemic, it is junior miners who sustained the heaviest blows - with some fighting to survive as their viability is threatened. The mining sector…
Business: 22,000 Edcon employees set to get retrenchment…
SA's biggest non-food retailer Edcon has served 22,000 of its employees with notices of retrenchments as it blames load-shedding and the initial 45-day hard lockdown for its collapse. The troubled Edcon Holdings, which owns Edgars…
Business: Kenya Tops Angola as Sub-Saharan Africa’s No.…
Kenya surpassed Angola as sub-Saharan Africa’s third-largest economy in dollar terms, according to International Monetary Fund estimates. Angola has contracted every year since 2016 as oil output declined, and the kwanza was devalued in 2019…
Energy dept requests submissions for 2500MW nuclear build
The Department of Mineral Resources and Energy said in a statement released on Sunday that it is giving members of the public a month to respond to its request for information for a 2500 MW…
Business: Cybercriminals change tack in SA, use more…
Stay vigilant. Hackers will keep trying to capitalise on Covid-19, warns Maher Yamout, senior security researcher at global cyber security firm Kaspersky. When many people suddenly had to work from home when the coronavirus pandemic…
South Africa: Yoco Turnover among SME’s flat last…
The Yoko Small Business Recovery Monitor showed turnover among small and medium sized businesses (SME’s) was flat last week, with the index static at 56 percent when compared with levels before the Covid-19 lockdown. SME’s…
Business: As lockdown fuels food shortages, Africa goes…
In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo’s open-air markets to buy tomatoes and cabbages for her family – until the country’s coronavirus lockdown closed all stalls. Mpofu worried about…
Thabi Leoka SA is in a precarious position-but…
There is a lot of talk about the role and the mandate of the SA Reserve Bank and emotions seem to rise when the economy is in a rut and solutions prove elusive. Critiques of…
CBN waives COVID-19 loan requirement
The Central Bank of Nigeria (CBN) has waived the requirement for the provision of guarantors by Households and Small and Medium Scale Enterprises (SMEs) applying for its N50 billion COVID-19 Targeted Credit Facility. The apex…
Business: The Woman Behind Okra, Africa’s First API…
Raising $1M for your startup in Africa is starting to become more common. As of May 21, 54 startups have raised at least $1M in 2020. Raising $1M as an African woman is still frustratingly…
Business: Global Pandemic makes African countries go online…
In between her shifts, Zimbabwean nurse Sinothando Mpofu used to go to Bulawayo's open-air markets to buy tomatoes and cabbages for her family of nine - until the country's coronavirus lockdown closed all stalls. Ms…
AfDB trying to rescue low-income countries
The African Development Bank wants to support low-income countries, terribly weakened by the coronavirus pandemic that continues to devastate the world. AfDB has selected three countries in the ECOWAS zone for a start, and the…
Business: mPharma of Ghana has raised another $17…
Ghanaian startup mPharma, which manages prescription drug inventory for pharmacies and their suppliers, has raised $17 million in its latest funding round and announced the appointment to its board of Helena Foulkes, former president of…
Business: Stock Exchanges in Ghana and Nigeria set…
The economy of Nigeria – the most populous country in Africa, with more than 200 million inhabitants – was transformed post-independence with the adoption of an International Monetary Fund (IMF) programme in 1986, which kick-started…
Business: Standard Bank sheds 5% on flagged profit…
The Standard Bank Group share price declined by more than 5 percent on the JSE on Monday after the group flagged an earnings decline of more than 20percent as the Covid-19 outbreak continues to spook…
Business: Will Nigerians pay more for fuel as…
The federal government slashed the pump price of PMS when the price of crude fell at the global market with government officials saying that marked the end of fuel subsidy. Now that the price of…
Tourist distancing: Virus impacts Kenya’s Giraffe Manor
The impact of coronavirus on the Kenyan economy is being felt in the hospitality industry where closes airspace means tourists numbers have dwindled. The East African country heavily depends on the sector as a source…
